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Pets at Home ( (GB:PETS) ) has issued an update.
Pets at Home Group Plc has announced the purchase and cancellation of 70,000 of its ordinary shares as part of its ongoing share buyback programme. This transaction, executed through Jefferies International Limited, aims to enhance shareholder value by reducing the number of shares in circulation, thereby increasing the relative ownership stake of remaining shareholders. The total number of voting rights in the company now stands at 452,246,143, which stakeholders can use for regulatory notifications under the FCA’s rules.
The most recent analyst rating on (GB:PETS) stock is a Buy with a £243.00 price target. To see the full list of analyst forecasts on Pets at Home stock, see the GB:PETS Stock Forecast page.
Spark’s Take on GB:PETS Stock
According to Spark, TipRanks’ AI Analyst, GB:PETS is a Outperform.
Pets at Home shows strong financial performance with consistent revenue growth and effective cash flow management. The technical indicators suggest a neutral trend, while the valuation is attractive with a reasonable P/E ratio and high dividend yield. The absence of earnings call and corporate events data does not impact the score.
To see Spark’s full report on GB:PETS stock, click here.
More about Pets at Home
Pets at Home Group Plc operates in the pet care industry, offering a range of products and services including pet food, accessories, and veterinary services. The company focuses on providing comprehensive care solutions for pet owners across the UK.
Average Trading Volume: 1,039,736
Technical Sentiment Signal: Sell
Current Market Cap: £918.3M
For an in-depth examination of PETS stock, go to TipRanks’ Overview page.